Cactus, Inc. completed the merger of the FlexSteel business through a merger with HighRidge Resources, Inc.
An internal reorganization was completed to facilitate the FlexSteel Merger.
The presentation includes historical financial information related to SPC and details about the SPC Transaction.
Non-GAAP Measures
The presentation includes references to EBITDA, Adjusted EBITDA, and Transaction Adjusted EBITDA for Cactus and SPC.
Corporate Reorganization
Cactus Companies, LLC acquired all outstanding units representing ownership interests in Cactus Wellhead, LLC through CC Reorganization.
Framework Agreement
Cactus, Inc. will acquire Baker Hughes Company's surface pressure control business as per the Framework Agreement with Baker Hughes subsidiaries.
- The historical financial information presented for SPC is preliminary and subject to change pending the completion of an independent audit.
- Forward-looking statements regarding the SPC Transaction, expected revenue, and financial projections are included in the presentation.
Cactus, Inc.'s strategic moves through mergers and acquisitions demonstrate its commitment to expanding its business operations. The financial information presented provides insights into the company's growth trajectory and future prospects.